Japanese beverage maker Suntory aims to open new plant in Vietnam in Oct 2025
Japan-based brewing and distilling firm Suntory, a partner in Vietnam-based Suntory PepsiCo Vietnam Beverage Co. Ltd., aims to open a new factory in Vietnam in October 2025.
The Japanese firm disclosed the information in its review for the second quarter of this year. It is part of Suntory’s global expansion, including a new facility in Australia and additional production lines in Japan and Thailand.
Suntory also noted it made a revenue of JPY80.5 billion ($547.6 million) from Vietnam in the first half of this year per organic basis calculation. The figure was Suntory’s biggest one in the Asia-Pacific region, excluding Japan as its home market.
According to the firm’s quarterly report, the figure went up 3.9% year-on-year per currency neutral basis; however, it was up 10.4% otherwise, including currency effect. Suntory stressed that VND1 was equivalent to JPY0.0057 in H1/2023, but the figure became JPY0.0061 in H1/2024.
Suntory also highlighted the strong performance of the beverage business in Vietnam, thanks to core brands of Pepsi and Aquafina amid a “gradual economic recovery trend.”
Regarding its global performance, Suntory posted a revenue of JPY816.2 billion ($5.55 billion) in H1/2024, up 67% year-on-year with currency effect factored in.
Suntory Pepsico's groundbreaking ceremony of a factory in Long An province, southern Vietnam, April 8, 2024. Photo courtesy of Thanh Nien (Young People) newspaper.
In April, Suntory PepsiCo Vietnam Beverage, a joint venture between Japan-based Suntory and U.S.-based PepsiCo, began building a $300-million factory in the Mekong Delta province of Long An.
With an annual capacity of 800 million liters, the sixth project of Suntory Pepsico in Vietnam is set to become its biggest and most modern project in the Asia-Pacific region.
Covering 20 hectares at the Huu Thanh Industrial Park, the project is among the biggest-ever foreign direct investment (FDI) projects in the province. It is set to be entirely powered by renewable energy sources, including biomass and solar power.
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